Using the industry peer median P/E multiple (trailing + forward), CF Industries Holdings, Inc. (CF) has a fair value of $255.73 based on 9 comparable companies in the Agricultural Inputs industry.
USD in millions except Fair Price. Subject company highlighted.
| Mkt Cap ($M) | Trailing P/E | Forward P/E | |
|---|---|---|---|
| CF Industries Holdings, Inc.CF | 21,334 | 14.7x | 14.4x |
| Linde plcLIN | 231,410 | 34.2x | 28.0x |
| Newmont CorporationNEM | 109,235 | 15.6x | 9.9x |
| Freeport-McMoRan Inc.FCX | 79,986 | 36.6x | 18.3x |
| The Sherwin-Williams CompanySHW | 79,093 | 31.1x | 28.1x |
| Ecolab Inc.ECL | 75,091 | 36.4x | 39.9x |
| CRH plcCRH | 69,510 | 22.2x | 17.3x |
| Corteva, Inc.CTVA | 55,651 | 51.7x | 24.8x |
| Nucor CorporationNUE | 38,107 | 22.1x | 13.6x |
| Vulcan Materials CompanyVMC | 35,180 | 32.8x | 31.7x |
| Industry Median | 32.8x | 24.8x | |
| (*) Profit after tax | 1,455 | 1,486 | |
| Equity Value | 47,709 | 35,251 | |
| (/) Outstanding shares | 162 | 162 | |
| Fair Price | $294 | $217 | |
This P/E relative valuation uses the industry peer median Price-to-Earnings ratio to estimate fair value. Both trailing (last 12 months) and forward (next fiscal year analyst estimates) P/E multiples are computed independently.
The industry median trailing P/E is applied to the company's TTM net income, and the forward P/E to analyst-estimated net income. Each produces an equity value divided by shares outstanding to yield a fair price per share. The selected fair value is the average of the trailing and forward legs.